University of Houston to train carbon trading experts

By Julie Bonnin

The U.S. energy policy may be in flux and economic uncertainty at an all time high but a “cap and trade” policy on greenhouse gas emissions in the U.S. is likely to be a major initiative not long after the upcoming presidential election.

While emissions offset trading is active in Europe and Asia, and some voluntary trading has begun in the U.S., American energy corporations are anticipating tougher emission reduction regulations and a corresponding need for traders, lawyers and other business people to work within the system as it evolves.

Thus far no one’s come out with “Carbon Trading for Dummies.” But the University of Houston, through a joint program of the C. T. Bauer College of Business and UH Law Center, will offer what is thought to be the country’s first comprehensive carbon trading course in spring of 2009.